ISE - Global economic growth is an “urgent priority” that should be enhanced with “all policy tools,” and joint efforts would be made to combat terrorism and climate change, said leaders of the Group of Seven (G7) industrialized nations after wrapping up a two-day summit on Friday.
In a joint declaration adopted at the summit, G7 leaders reiterated that while global recovery continues, growth remains moderate and uneven, and downside risks to the global outlook have increased.
“Escalated geo-political conflicts, terrorism and refugee flows complicate the global economic environment,” it said, adding that Britain’s possible exit from the EU would reverse the trend toward greater global trade and investment, and is a further serious risk to growth.
The leaders pledged to strengthen economic policy responses in a cooperative manner and to employ a more forceful and balanced policy mix in order to swiftly achieve a strong, sustainable and balanced growth pattern.is critical for economic growth, it said.
But the summit failed to come up with detailed action plans on bolstering growth, only noting that the G7 member states should act “individually and collectively.”
On countering terrorism, the G7 leaders “strongly condemn terrorism in all forms and manifestations ... terrorist organizations pose serious challenges to peace and international security.” France, a G7 member, and Belgium were attacked by militants related to the Islamic State, which also launched attacks in other countries.(Xinhua)